Search found 1911 matches

by TRC
Sun Apr 18, 2021 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Buying Vacation Home with Parent?
Replies: 13
Views: 1289

Re: Buying Vacation Home with Parent?

I own a vacation home (have for 11 years). It's not a great investment and is work.

My advice would be to just go on vacations instead.

If you must buy a vacation home, buying with another person (especially in-laws) is a recipe disaster.
by TRC
Sat Apr 10, 2021 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Do budgets work?
Replies: 122
Views: 4860

Re: Do budgets work?

Yes, they do work. 100%. I've been using You Need A Budget (YNAB) for 10+ years. I just finished my weekly reconciliation this morning actually.
by TRC
Sat Apr 03, 2021 7:09 am
Forum: Personal Consumer Issues
Topic: Landscape design plans
Replies: 12
Views: 1093

Landscape design plans

I need a frond yard makeover - namely the plantings in front of our house. Last year I contacted a reputable person here in Massachusetts and she wanted to charge me $5,000 to design plans. $5,000! All I'm looking for is a plan to tell me what to plant and where. A blueprint if you will. Does anyone...
by TRC
Thu Apr 01, 2021 6:14 am
Forum: Personal Investments
Topic: Two years ago, I got serious about investing for my future. Update / Advice
Replies: 19
Views: 3565

Re: Two years ago, I got serious about investing for my future. Update / Advice

This WiKi on investing priorities should be helpful: https://www.bogleheads.org/wiki/Prioritizing_investments Nice job getting serious about building wealth. I think you're in very good shape. I'm sure you know this, but starring a family will mean a massive increase in expenses. I have 2 kids mysel...
by TRC
Thu Mar 25, 2021 7:17 am
Forum: Personal Finance (Not Investing)
Topic: How to Deal with Worry of job loss and providing for family?
Replies: 127
Views: 10292

Re: How to Deal with Worry of job loss and providing for family?

Yes, I'm in the same boat. I'm the sole provider for my family and I've been fired before in my early 20s as a result of the dot.com bubble bursting. Here's how I deal with it: We paid off our house and have zero debt. We have a 6 month E-Fund We have a $400K HELOC in case we need more E-Fund money ...
by TRC
Tue Mar 23, 2021 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 430
Views: 53260

Re: Tales from this insane real estate market

Good for you and smart move. In the words of Warren Buffet - "Be fearful when others are greedy and greedy when others are fearful".
by TRC
Sun Mar 21, 2021 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Advice to friend?
Replies: 23
Views: 2048

Re: Advice to friend?

You could always gift him books that may help him come to his own conclusion. One that did it for me was John Bogle's "Little Book of Common Sense Investing".
by TRC
Sat Mar 20, 2021 5:27 am
Forum: Investing - Theory, News & General
Topic: Were You Around During Dotcom Bubble?
Replies: 266
Views: 20669

Re: Were You Around During Dotcom Bubble?

Yes. I graduated college in 2000 and landed a tech sales job out of college. The market was insane. I invested 5K in a Fidelity Tech Mutual fund at the peak and then it literally went down to like $700 (maybe less, I forget) and I sold it. Then I got fired in 2001 as the bubble burst. Double ouch! ...
by TRC
Sat Mar 20, 2021 4:46 am
Forum: Personal Finance (Not Investing)
Topic: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too
Replies: 211
Views: 12324

Re: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too

I went to Assumption College in Worcester and the WPI guys would always come up to AC to recruit girls to come to their parties. Or they'd come looking to crash our parties. WPI was mostly guys back in 96-2000 during my era. My highschool friend and now neighbor went to WPI. He loved it and now has ...
by TRC
Sun Mar 14, 2021 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Is 7K mortgage a month too much for 13K (combined) post tax monthly income?
Replies: 101
Views: 8849

Re: Is 7K mortgage a month too much for 13K (combined) post tax monthly income?

Can you list out your other expenses? How does this fit into your budget?
by TRC
Sun Mar 14, 2021 10:10 am
Forum: Personal Finance (Not Investing)
Topic: buying a second home without an agent
Replies: 6
Views: 597

Re: buying a second home without an agent

While this isn't your question, I'll give you my unsolicited experience in owning a vacation property now for nearly 11 years. We bought our vacation rental property back in 2010 for $405K. We put down $200K and have $93K left on the note and will have it paid off in 6 years (15 year note). Current ...
by TRC
Sat Mar 13, 2021 6:23 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house now has turned into an auction. How to approach it?
Replies: 61
Views: 7066

Re: Buying a house now has turned into an auction. How to approach it?

In my adult life, I have never seen a market like this. A close friend of mine just had an offer accepted on a house he and his wife are buying in NC. Asking price was $975k and he offered $1,035,000 with zero contingencies. It had 5 offers on the day it was listed. Where I live locally, a house was...
by TRC
Mon Mar 08, 2021 10:52 am
Forum: Personal Finance (Not Investing)
Topic: 35 and thinking about early retirement or partial retirement
Replies: 131
Views: 13759

Re: 35 and thinking about early retirement or partial retirement

Given your spending, I think you should target to have at least $3M in assets. 3% SWR would get you $90K per year.

I'm in similar boat to you at age 43 and feeling burnt out. We are going into crazy savings / investing mode where I hope to be financially independent no later than age 50.
by TRC
Sat Mar 06, 2021 7:11 am
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 963
Views: 161401

Re: High Earners - What's Your Profession?

Tech Sales. My base is $150K and target earnings for hitting quota is another $150K. I've consistently over achieved and have been averaging mid to high 400's the last few years.
by TRC
Fri Feb 26, 2021 8:28 pm
Forum: Investing - Theory, News & General
Topic: Were You Around During Dotcom Bubble?
Replies: 266
Views: 20669

Re: Were You Around During Dotcom Bubble?

Although I was definitely around, I was not involved in the stock market. But I do know about that infamous era. Did any of you guys dabbled in the stock market then and what lesson did you learn? The recent boom in tech stocks and listening to all the analysts talk makes me think Dotcom 2.0 is on ...
by TRC
Fri Feb 26, 2021 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Can I safely quit? Should I quit?
Replies: 51
Views: 6201

Re: Can I safely quit? Should I quit?

It sounds like you're burnt out with your current gig and apprehensive on starting a new job. I worked at my first employer out of college for 15 years and remembered how nervous I was changing jobs the first time.

I'd consider quitting, take a break, then find a new gig.
by TRC
Sun Feb 21, 2021 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: I Think I *Can* Buy This Home, *Should* I Buy It?
Replies: 44
Views: 3273

Re: I Think I *Can* Buy This Home, *Should* I Buy It?

One primary reason is that it will allow my in laws to live on the property in a detached unit which will allow us to support them as they age in retirement. Heck to the no. FIL - "why are you cutting down that bush? I planted that 20 years ago" Big risks: - Too expensive for your income ...
by TRC
Tue Feb 16, 2021 8:12 am
Forum: Personal Investments
Topic: Talk me into paying off my mortgage...
Replies: 61
Views: 9704

Re: Talk me into paying off my mortgage...

If you let the 126K ride in the market -> $126K compounding annually at 8% for the next 14 years = $370K. At 10%, it grows to $478K.

2.85% is cheap money.
by TRC
Fri Feb 12, 2021 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Buy rental property in Austin, TX while living in a rental property in California.
Replies: 12
Views: 1332

Re: Buy rental property in Austin, TX while living in a rental property in California.

I'm a landlord. I would never, ever consider buying a rental property that's a long distance away.
by TRC
Fri Jan 01, 2021 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2505
Views: 574804

Re: Share your net worth progression

I've been tracking our Net Worth since the end of 2009 when I first became a Boglehead. I love seeing the growth and now seeing gains heavily outweigh our contributions. Here are our ending year net worth balances. This includes home equity, but excludes other items such as cars, jewelry, etc. 2009 ...
by TRC
Thu Oct 08, 2020 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Buying second house - dilemma
Replies: 46
Views: 5972

Re: Buying second house - dilemma

We have owned a second home for 10 years. It's about 2 hours away and at the Beach. My first piece of advice would be to rent for a season and see if you like the lifestyle of bouncing between 2 homes. In our experience, it does eventually get old. The drive, grocery shopping, owning 2 of everything...
by TRC
Tue Apr 09, 2019 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Broadly Written Non-Competes
Replies: 12
Views: 1252

Broadly Written Non-Competes

Hello, My company that I've worked for for over a year is now requiring all sales people sign a non-compete. The non-compete specifically mentions direct competitors that we cannot go work for (which I'm okay with), but also references a very broad industry as a whole that is complimentary to what w...
by TRC
Sun Feb 24, 2019 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Vacation Home/Rental Property
Replies: 18
Views: 1842

Re: Vacation Home/Rental Property

We own a 2nd home at the beach that we've been renting for 9 years this summer. Here are some considerations: - How far are you willing to go? Ours is a 2 hour drive. I would not want to be any further away. Many times we have needed to get up there on a moment's notice for some emergency (luckily f...
by TRC
Sat Feb 23, 2019 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Aging Parents & Finances
Replies: 49
Views: 6497

Re: Aging Parents & Finances

I expect on the financial side, you're not going to get your father to go to anyone. You can try if you want. On the diabetes side, if your father isn't on an insulin pump, it might be a priority to get him to consider one. This helps because it can help in regulation 24/7, unlike remembering to ch...
by TRC
Sat Feb 23, 2019 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Aging Parents & Finances
Replies: 49
Views: 6497

Re: Aging Parents & Finances

I'd like to thank all of you for your very helpful suggestions. Seems like reading the fine print on the LTC policy, meeting with an eldercare attorney and figuring out short term Diabetic management plans are the most pressing items to focus on. On a side note, I spoke with my sister this morning a...
by TRC
Sat Feb 23, 2019 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Aging Parents & Finances
Replies: 49
Views: 6497

Re: Aging Parents & Finances

I expect on the financial side, you're not going to get your father to go to anyone. You can try if you want. On the diabetes side, if your father isn't on an insulin pump, it might be a priority to get him to consider one. This helps because it can help in regulation 24/7, unlike remembering to ch...
by TRC
Sat Feb 23, 2019 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Aging Parents & Finances
Replies: 49
Views: 6497

Re: Aging Parents & Finances

I have 2 other siblings and spouses that are very concerned for their wellbeing. Though they are becoming more vocal to me about them feeling they need to sell their house and move all their assets to us in the event they end up in a nursing home. I for one don't think that's going to be received v...
by TRC
Thu Feb 21, 2019 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Aging Parents & Finances
Replies: 49
Views: 6497

Aging Parents & Finances

Hi Everyone, As I type this, I'm sitting in Maui while my family & parents are asleep up stairs. While this trip has been awesome, it's caused me to realize my parents (age 75 and 78) are not in a prime decision making capacity anymore. My mom is showing very significant signs of early dementia ...
by TRC
Sat Dec 22, 2018 6:53 am
Forum: Personal Consumer Issues
Topic: Electric scooter for 10y old?
Replies: 17
Views: 927

Re: Electric scooter for 10y old?

I think 10 is safe for one. My in-laws got one for my son when he was 6 and we stored it in in the basement till he was ready. Though when my son was able to use it, he quickly lost interest in it and he's been more into the razor scooters with the big wheels. I like the manual ones better because i...
by TRC
Thu Nov 29, 2018 8:02 am
Forum: Personal Consumer Issues
Topic: Guy's Western US Ski Trip - suggestions?
Replies: 44
Views: 3056

Guy's Western US Ski Trip - suggestions?

Hi All, I'm planning a guy's ski trip out west for February where about 6 of us will be flying in from all over the US. Last time we did this we stayed slope side at Snowbird. While it was fun, the nightlife and restaurant scene was virtually non-existent. Here's our criteria: - Terrain for all abil...
by TRC
Sat Nov 17, 2018 5:35 pm
Forum: Personal Consumer Issues
Topic: which snow blower ?
Replies: 103
Views: 7575

Re: which snow blower ?

Honda
by TRC
Sun Nov 04, 2018 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse Diagnosed Non-curable Cancer -- what now?
Replies: 54
Views: 11291

Re: Spouse Diagnosed Non-curable Cancer -- what now?

So sorry to hear about your situation. I'm sure your heads are spinning, but I'd encourage you to check out https://www.chrisbeatcancer.com/
by TRC
Sun Nov 04, 2018 7:28 am
Forum: Personal Consumer Issues
Topic: Buy house without agent
Replies: 55
Views: 5104

Re: Buy house without agent

One very useful aspect of working with a buyer's agent is to ensure you're not over paying and get a true comp before finalizing on a price. Are you sure the house is priced right? If yes, then you try to negotiate 5-6% less than the true market price since the seller doesn't have to pay a commissio...
by TRC
Fri Nov 02, 2018 5:13 pm
Forum: Personal Consumer Issues
Topic: Tick Prevention for Dogs
Replies: 19
Views: 1529

Tick Prevention for Dogs

Lately I've been taking my beloved Standard Poodle for a 30 minute daily walk in the woods. It's the only place I can let him off leash (outside of our fenced in yard) where he runs to his heart's delight. It's the highlight of his day! Sadly here in Mass, the ticks are still out in force. We're pul...
by TRC
Fri Nov 02, 2018 10:41 am
Forum: Personal Consumer Issues
Topic: Thoughts on the New Macbook Air?
Replies: 70
Views: 4874

Re: Thoughts on the New Macbook Air?

I have a Macbook Air for work and an Macbook Pro for personal use. The Retina Display alone is worth it to me on the pro. Keyboard feel is better too.
by TRC
Tue Oct 30, 2018 8:02 pm
Forum: Personal Consumer Issues
Topic: Luxury Sedans for around $25k used with lower miles? AWD?
Replies: 38
Views: 3170

Re: Luxury Sedans for around $25k used with lower miles? AWD?

If you're concerned about expensive maintenance - eliminate MB, BMW and Volvo from the list. Acura or Lexus would be my vote. I've owned an Acura TL SHAWD for 60k miles and not a single issue. It's a 2014 and last I checked it's value, it's probably worth 20K. Infiniti could also be an option, but I...
by TRC
Mon Oct 29, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Should I co-sign for relative?
Replies: 103
Views: 5855

Re: Should I co-sign for relative?

A close relative of mine has asked me to co-sign for them, lets assume defaulting was not a big risk but the necessity for a co-signer is due to unestablished credit. Would you co-sign this? The co-sign is for a vehicle lease of about $900/month Not a chance. If you feel compelled to help, gift the...
by TRC
Wed Oct 24, 2018 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a House - Mortgage or Cash?
Replies: 16
Views: 2765

Re: Buying a House - Mortgage or Cash?

If you can pay cash and close quickly, I'd shop for a house above your price range and make an all cash offer well below listing price to see if you can find a deal. Look for something that's been on the market for a while or any signs of a motivated seller in the listing (estate sale, divorce, &quo...
by TRC
Wed Oct 24, 2018 8:02 pm
Forum: Personal Investments
Topic: Reaction to Market
Replies: 71
Views: 8593

Re: Reaction to Market

I didn't realize the market dropped till I saw this post. I've guess I've really tuned out the noise lately.
by TRC
Sat Oct 06, 2018 5:50 am
Forum: Personal Finance (Not Investing)
Topic: Sellers remorse - selling business
Replies: 44
Views: 5341

Re: Sellers remorse - selling business

I'd say sell it, keep the wife happy, win the game. Then try retirement and if you're not happy, start up another venture.

We all require self-actualization.
by TRC
Sat Oct 06, 2018 5:46 am
Forum: Personal Finance (Not Investing)
Topic: Need advice re Sell or Keep house
Replies: 19
Views: 1484

Re: Need advice re Sell or Keep house

Speaking from experience (both good and very, very bad), being a Landlord is a JOB.
by TRC
Mon Sep 10, 2018 7:30 pm
Forum: Personal Consumer Issues
Topic: $25K car
Replies: 39
Views: 4716

Re: $25K car

If you like Honda, I'd throw an Acura TL in the mix. My 2014 TL SHAWD just turned 60K miles and is probably worth about 17-20K. It's a rocket ship, handles like a dream and still drives like it was the day I drove it off the lot when I paid ~40K. They stopped making the TL in 2014. Opt for the AWD v...
by TRC
Tue Sep 04, 2018 10:19 am
Forum: Personal Consumer Issues
Topic: Neighbor Fencing question
Replies: 50
Views: 4547

Re: Neighbor Fencing question

Whose property is the fence on? That is the owner of the fence and that's the person who should bear the cost of repairing / replacing it.
by TRC
Fri Aug 31, 2018 8:45 pm
Forum: Personal Consumer Issues
Topic: Any advice if I should buy this Used Minivan?
Replies: 21
Views: 2031

Re: Any advice if I should buy this Used Minivan?

I'd really aim for a Honda Odyssey or Toyota Sienna.
by TRC
Sun Aug 26, 2018 8:16 pm
Forum: Personal Consumer Issues
Topic: Help with basement issues
Replies: 16
Views: 1752

Re: Help with basement issues

We recently had a water issue in our basement from an AC unit pump failing. We had to dry it out by ripping up the carpet, removing the carpet padding, then running a turbo drier and a heavy duty de-humidifier to dry out the carpet.. If you have water behind finished walls, I would expose them to dr...
by TRC
Sun Aug 26, 2018 8:08 pm
Forum: Personal Investments
Topic: Does it make sense to take some cash out now
Replies: 8
Views: 1344

Re: Does it make sense to take some cash out now

What does your asset allocation strategy tell you to do? Is it time to sell stocks and buy bonds or sell bonds and buy stocks?
by TRC
Sun Aug 19, 2018 8:00 pm
Forum: Personal Consumer Issues
Topic: Sheraton Kauai timeshare
Replies: 35
Views: 4718

Re: Sheraton Kauai timeshare

If you don't want to sit through a sales pitch, pay retail price. Why not hear the sale pitch out and see if it makes sense? Sounds like you like Hawaii?
by TRC
Wed Aug 01, 2018 12:31 pm
Forum: Personal Consumer Issues
Topic: Peloton spin bike worth the high cost?
Replies: 104
Views: 20438

Re: Peloton spin bike worth the high cost?

for that type of money, I'd buy a real road bike
by TRC
Sun Jun 03, 2018 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Have $2.5M at 30, career advice needed
Replies: 49
Views: 9403

Re: Have $2.5M at 30, career advice needed

Guessing you're in tech? Do you have the ability to both work remote full time? Why new move to a suburb outside the city and find a much lower cost of living area?